Noteworthy

Roxboro farmer wins $1 million in scratch-off game

Posted June 13, 2013

— A grain farmer from Roxboro calls his $1 million lottery win a change of luck.

Carl Boyd said he was breathless as he revealed the winning combination on the Ruby Red 7’s game card.

"It still hasn’t hit me entirely. It doesn’t seem real,” he said.

Boyd chose to take his winnings in a $600,000 lump sum, worth $408,003 after taxes. He said he'll use the winnings to pay off the mortgages of his mother and sister, then invest in his farm and save for retirement. 

Boyd purchased his winning ticket at Mayo Marina Mart on Virgilina Road in Roxboro on Wednesday. 

24 Comments

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  • RealStory Jun 13, 5:56 p.m.

    congrats! Great, hard working man deserving on winning. Very generous what he plans on doing with the money also.

  • Dirty_Water Jun 13, 4:38 p.m.

    He can pay off the mortgages with no tax implication. You have a lifetime allocation of $5 million worth of credit for EITHER estate tax or gift tax. Assuming he pays off mortgages of $300,000, he retains an estate tax exemption of $4.7 million. Doubt he's gonna hit that number.

  • Capt Mercury Jun 13, 3:50 p.m.

    Let's face it, the lottery is just a special tax on people who are bad at math. It has the worst payoff percentages in the gambling world.

  • ripetomatoes Jun 13, 3:37 p.m.

    Lottery winnings ARE taxed. Go back and read the story again.....clearly says how much he got AFTER taxes were with held. btneast

    Terkel was responding to a comment by gregg...

    It was clearly an easy mistake to make if you didn't read gregg's comment first.

  • kimsstressed Jun 13, 3:13 p.m.

    That is wonderful!! Congratulations Mr. Boyd!!!

  • greg69innc Jun 13, 2:27 p.m.

    I am very happy for him and wish him the best in his endeavors. I agree I'd like see a sales tax on more items and less tax on payroll, unemployment and lottery winnings.

  • Huey Jun 13, 1:49 p.m.

    Bless his heart!

  • xylem01 Jun 13, 1:45 p.m.

    Below are three reasons we need better education in this state. \sarcasm font off

    Congrats! You get to keep 40% of the prize! There should be no taxes on prize winnings... Shadow666

    how did he win 1 million $$???? considering , 400.000$ is less than a mil,,if you win something, it should be the whole amount-gregg45

    If UE benefits are taxed, why not lotto winnings? It's income. The great mystery is why welfare benefits aren't taxed.-Terkel

  • btneast Jun 13, 11:54 a.m.

    If UE benefits are taxed, why not lotto winnings? It's income.

    Lottery winnings ARE taxed. Go back and read the story again.....clearly says how much he got AFTER taxes were with held. BTW, that withholding is just an estimate. He will have to settle up next April 15th, just like we all do.

  • tarheelpatriot Jun 13, 11:52 a.m.

    They left out the important information,
    Is he single !!!

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